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Representatives who supported the bill were Kenny Cox, D-Natchitoches; Herbert Dixon, D-Alexandria; Marcus Hunter, D-Monroe; Katrina Jackson, D-Monroe; Stephen Ortego, D-Carencro; Vincent Pierre, D-Lafayette; Edward Price, D-Gonzales; and Eugene Reynolds, D-Minden.

While the committee rejected James‘ interest cap proposal, it did approve Jackson’s bill asking that payday lenders give credit report agencies their borrowers’ positive credit history.

Monday’s vote doesn’t end the debate. Other proposals on the House and Senate floor would add other types of restrictions to payday lending. James plans to amend bills that deal with payday lending on the House floor to make sure they address the debt cycle.

“It’s a long way from finished,” he said.

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Online:

House Bills 239 and 730 can be found at www.legis.la.gov